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Microsoft buys Nook stake, Barnes & Noble shares soar

NEW YORK/SEATTLE (Reuters) – Microsoft Corp is jumping into the fast-growing e-books market by investing $605 million over five years in Barnes & Noble Inc’s Nook e-reader and college business, as it looks to unlock Amazon.com and Apple Inc’s grip on the exploding tablet computer market. The move comes just six months before the world’s largest software maker is due to launch its new touch-enabled Windows 8 operating system, and the inclusion of a Nook app on Windows tablets should allow them to compete with Apple’s iPad and Amazon’s Kindle Fire. …

Quoted from Microsoft buys Nook stake, Barnes & Noble shares soar on Gadgets News Headlines – Yahoo! News

Just a few months ago it was rumored that B&N would no longer develop the Nook, and Nook owners were worried about the fate of their devices. Today, it was announced that Microsoft had bought Microsoft is jumping into the fast-growing e-books market by investing $605 million over five years in Barnes & Noble's Nook e-reader and college business, as it looks to unlock Amazon. and There has been a massive leak of internal documents today from and that claim has made a one billion dollar offer to buy the entire brand. This includes all the ebooks Tags: microsoft, buys, nook, media, Barnes & Noble, Microsoft End said it has terminated its mercial agreement for its e-reader with , a move it said provides a clearer path toward the potential split of its business. will invest $300 million in 's e-reader, gaining a foothold in the fast-growing e-books market as the bookseller gets more firepower to pete against Amazon.'s Kindle and Apple's iPad. The deal announced

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